Saturday, March 14, 2009

The Differences between M’sia and Australia Stimulus Package

Some 8.7 million Australian workers earning $100,000 (Rm240,000) or less per annum, are eligible to receive $900 as part of the $42 billion Economic Stimulus Package the Rudd Government announced on 3rd February 2009.
Source:
http://www.etax.com.au/content/files/tax_bonus.aspx?sReferrer=yahootaxbonus

In M’sia, Najib Tun Razak has announced the RM60 billion Economic Stimulus Package, which among others… did not mentioned anything about giving the M’sian families who earn less than Rm100,000 (Let alone the sum Rm240,000 as announced by the Australian government)… to help ease the burden of the middle and lower income families in M’sia.

The RM$60 billion stimulus package came as a surprise to most analysts who were predicting a more moderate RM$15 billion to RM$30 billion package. The move comes just four months after Malaysia announced a M$5 billion stimulus with its 2009 budget.
Source:
http://www.financeasia.com/article.aspx?CIaNID=98372

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